Lawmakers in the state’s House of Representatives have passed two bills—SB1025 and SB1373. These bills bring Arizona closer to becoming the first U.S. state with a Bitcoin or digital asset reserve.
Both bills propose different methods for creating a cryptocurrency reserve, potentially allowing the state treasurer to allocate a portion of state funds into Bitcoin and similar digital assets.
Two Paths to a Crypto Reserve
On April 28, 31 representatives supported SB1025, proposing a Bitcoin “strategic reserve”. SB1373, aiming for a broader digital asset reserve, passed with 37 votes. These approvals mark a historic step for state-level crypto adoption in the U.S.
Representative Jeff Weninger, who backed SB1025, noted that Arizona isn’t alone in exploring this option. “Probably 15 other states are considering the same legislation nationwide,” Weninger said, adding that the state treasurer could invest up to 10% of reserve assets—likely starting with Bitcoin. This “may” provision gives flexibility, letting the state prepare for a future where crypto plays a larger role in finance without committing prematurely.
HUGE BREAKING: ARIZONA #BITCOIN RESERVE BILL PASSES FINAL VOTE AND HEADS TO GOVERNOR
THE STATE IS 1 SIGNATURE AWAY FROM BUYING BTC. HISTORY
pic.twitter.com/L666H04NmB
— The Bitcoin Historian (@pete_rizzo_) April 28, 2025
Arizona’s momentum reflects a growing national interest in crypto reserves. New Hampshire passed a similar bill through its House in April, which is now awaiting a Senate vote. These efforts show a rising trend among states exploring ways to hedge financial risk and diversify reserves using digital assets.
More About Bitcoin Reserves
Brazil’s largest bank, Itaú Unibanco, has announced a $210 million investment in Oranje. It is a new company dedicated to accumulating Bitcoin as a strategic reserve. This initiative mirrors the approach of MicroStrategy. It has become a prominent example of corporate Bitcoin adoption.
O Itaú (@itau) atuará como assessor financeiro da operação no Brasil.
Saiba mais
:https://t.co/sHmUy3jOPO
— AQUA Bitcoin Brasil (@AquaBitcoinBR) April 28, 2025
Oranje aims to be the first publicly traded company in Latin America to focus exclusively on Bitcoin. With plans to achieve a 45% return on its Bitcoin holdings in the first year, contingent on the successful execution of its business plan.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Arizona Moves Closer to Holding Bitcoin in State Reserves appeared first on Altcoin Buzz.
